Friday, February 6, 2009

More Employment Graphs

In the post below I broke down goods production employment. Let's take a look at services.



Information services fell for the first two years of this expansion and never recovered. Some of this was caused by Y2K, which was a huge employment boom for the industry. In addition, the dot.com bubble helped in this area as well.

Retail employment has dropped to nearly the low point of the last 7 years. Also note that a large percentage of the job gains are now gone.


Financial activities have lost more than 50% of the jobs created during the last expansion.

Professional services have lost more than a third of their job gains over the last expansion

Leisure and hospitality is still doing well. But then there's the pay issue....


Education and health care are the only areas where we're still seeing growth.